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After a one-month consultation period, Fastmarkets has amended the frequency of its price assessments for MB-MAG-0005 Magnesia, dead burned, 97.5% MgO, lump, fob China, MB-MAG-0002 Magnesia, dead burned, 90% MgO, lump, fob China, MB-MAG-0009 Magnesia, fused, 97% MgO, Ca:Si 2:1, lump, fob China, and MB-MAG-0007 Magnesia, fused, 98% MgO, lump, fob China, to monthly from weekly.
Following a consultation which concluded on Friday May 23, the frequency of the prices will change to monthly from weekly, with the first assessment on a monthly frequency taking place on Tuesday May 27.
The change in frequency will help to better reflect the dynamics of China’s magnesia market, which according to participants has been experiencing lower liquidity.
The new price specifications are as follows, with the amendment in italics:
MB-MAG-0005 Magnesia, dead burned, 97.5% MgO, lump, fob China, $/tonneQuality: Dead burned 97.5% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly, last Tuesday of the month, 7pm Shanghai time
MB-MAG-0002 Magnesia, dead burned, 90% MgO, lump, fob China, $/tonneQuality: Dead burned 90% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly, last Tuesday of the month, 7pm Shanghai timeMB-MAG-0009 Magnesia, fused, 97% MgO, Ca:Si 2:1, lump, fob China, $/tonneQuality: Fused 97% MgO, 2:1 Ca:Si, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly, last Tuesday of the month, 7pm Shanghai timeMB-MAG-0007 Magnesia, fused, 98% MgO, lump, fob China, $/tonneQuality: Fused 98% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: Monthly, last Tuesday of the month, 7pm Shanghai time
These prices are a part of the Fastmarkets industrial minerals package.
To provide feedback or if you would like to provide price information by becoming a data submitter to this price assessment, please contact Nina Hu by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Nina Hu, re: Magnesia FOB China.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.